Item 3
PRESENTATION
Workforce
Strategy Update
and Power
Purchase
Agreements
Project Selection
Standard
Item 3
PRESENTATION
0 SVCE’s Vision and Role
Vision: Strong workforce to power the clean energy transition.
SVCE’s role: Support broad spectrum of energy jobs - focus on local building and transportation electrification jobs.
1. Spur market demand through programs and policies.
2. Understand and support landscape of workforce
development stakeholders.
Item 3
PRESENTATION
3 areas of focus - building demand, stakeholder outreach, and providing education O What have we done to date?
Activity Strategy
Power Purchase Agreements - preference for Project Labor Agreements - prevailing wage and apprenticeship program support.
Building Demand
Policies and Programs -FutureFit Home Rebates, Electric Advisor, reach codes, and existing buildings policy
Building Demand
Programs -Priority Zone DC Fast Chargers, Multifamily EV Charging Installation Incentive Program, single-family direct install require prevailing wage Building Demand
FutureFit Fundamentals Contractor Training: Online training - $500 for 5 hours, plus $500 incentive for installation up to $5,000.
Workforce Education
Active participation in two regional workforce groups. Met with more than 20 workforce stakeholders.
Stakeholder
Outreach
3 •
•
•
•
•
Item 3
PRESENTATION
Proposed PPA Project Selection Standard
Key elements
Maximize regulatory and market value for best fit and value while considering regulatory mandates, reliability, and risk mitigation.
Workforce Development: Requires prevailing wage and supports Skilled and Trained Workforce. Preference for projects that demonstrate this with Project Labor Agreements.
Technology Diversification: Seek to have projects from a variety of technology types.
Location: Preference for projects in SVCE service territory, geographic diversity, and interconnected with deliverability to the CAISO.
Environmental Stewardship: Preference for projects that avoid environmentally sensitive areas and where developer has development agreement that includes mitigation measures for environmentally sensitive areas.
4 Item 3
PRESENTATION
1. Provide feedback on workforce strategy.
Executive Committee Action
2. Recommend the Board of Directors direct staff to adopt the Power Purchase Agreement Project Selection
Standard as proposed in Attachment 1.
5 Item 3
PRESENTATION
Appendix
Item 3
PRESENTATION
SVCE is only one entity in a complex landscape
Strategic partnerships are critical
7 1
• Subtitle
New SV Clean Energy
PowerPoint Template
Accessible On-Bill Financing
Pilot Review
Jessamyn Allen, Program Lead
SVCE Executive Committee
June 28, 2024
Item 4
PRESENTATION
SILICON VALLEY
2 Request for the Executive Committee
• Seek feedback on on-bill financing pilot
• Recommend approval of pilot contracts at August Board of Directors meeting
Item 4
PRESENTATION
3 Decarbonize existing homes – how do we help
customers pay for it?
Building Emissions
230,000 Water Heaters
165,000 Furnaces
$3.8 Billion
(total, not incremental cost)
$6,000
$15,000
# of Appliances Cost / Appliance
Res NG
49%
Res Elect
2%
Comm NG
34%
Comm Elect
15% X
Item 4
PRESENTATION
4 ©
4 Covering the costs of electrification –
different customers need different support
Low
Income
Direct Install
100% cost coverage
Conventional Finance (loans)
Incentives (rebates, tax credits)
High
Income
Item 4
PRESENTATION
5 Covering the costs of electrification –
different customers need different support
Low
Income
Direct Install
100% cost coverage
Conventional Finance (loans)
Incentives (rebates, tax credits)
On-Bill Financing
On-bill cost recovery tied to customer
High
Income
Item 4
PRESENTATION
6 HPWH project cost: $5,500
Rebates $3,000
Customer co-pay $2,500
Project cost coverage
Typical project with rebates still has
substantial cost to customer
Item 4
PRESENTATION
7 Factoring in lifetime bill savings, we can
reduce up-front costs through financing
HPWH project cost: $5,500
Lifetime bill savings: $1,875
Financed costs $1,500
(repaid on bill, offset by bill savings)
Customer co-pay $1,000
Project cost coverage
Rebates $3,000
Item 4
PRESENTATION
8 What is SVCE’s On-Bill Financing (OBF)?
Item 4
PRESENTATION
9 What is SVCE’s On-Bill Financing (OBF)?
• On-bill: recorded and repaid via the utility bill
Item 4
PRESENTATION
10 What is SVCE’s On-Bill Financing (OBF)?
• On-bill: recorded and repaid via the utility bill
• Financial offering: loan (consumer debt), 0% interest, 10-year term • No-to-low out-of-pocket cost to customer
• Loan repayment fully offset by (gas + electric) bill savings due to project Item 4
PRESENTATION
11 What is SVCE’s On-Bill Financing (OBF)?
• On-bill: recorded and repaid via the utility bill
• Financial offering: loan (consumer debt), 0% interest, 10-year term • No-to-low out-of-pocket cost to customer
• Loan repayment fully offset by (gas + electric) bill savings due to project • Technologies: water heating, space conditioning, energy efficiency, some solar + storage
Item 4
PRESENTATION
12 What is SVCE’s On-Bill Financing (OBF)?
• On-bill: recorded and repaid via the utility bill
• Financial offering: loan (consumer debt), 0% interest, 10-year term • No-to-low out-of-pocket cost to customer
• Loan repayment fully offset by (gas + electric) bill savings due to project • Technologies: water heating, space conditioning, energy efficiency, some solar + storage
• Scale: ~ 200 customers
• Target customer segment: single-family residential homeowners, high bill savings potential, moderate income (80-150% Area Median Income) Item 4
PRESENTATION
13 What is SVCE’s On-Bill Financing (OBF)?
• On-bill: recorded and repaid via the utility bill
• Financial offering: loan (consumer debt), 0% interest, 10-year term • No-to-low out-of-pocket cost to customer
• Loan repayment fully offset by (gas + electric) bill savings due to project • Technologies: water heating, space conditioning, energy efficiency, some solar + storage
• Scale: ~ 200 customers
• Target customer segment: single-family residential homeowners, high bill savings potential, moderate income (80-150% Area Median Income) • Equipment warrantied + customer service available throughout payback period Versions of OBF have been offered by other LSEs (e.g., IOUs, PCE, SCP) Item 4
PRESENTATION
14 Why is SVCE’s OBF pilot so important?
Item 4
PRESENTATION
15 Why is SVCE’s OBF pilot so important?
• More accessible to underserved customer segments
• No net ongoing cost: loan repayment covered by bill savings • Reduced/no upfront cost
• Target moderate-income customers
• Strong customer protections
Item 4
PRESENTATION
16 Why is SVCE’s OBF pilot so important?
• More accessible to underserved customer segments
• No net ongoing cost: loan repayment covered by bill savings • Reduced/no upfront cost
• Target moderate-income customers
• Strong customer protections
• Inform broader financing roadmap
• Ongoing SVCE analysis of capital requirements
• SVCE has been informing statewide financing discussions with IOUs and CPUC; SVCE’s proposal was commended by Commission
• SVCE’s OBF will test many key elements of the statewide pilot proposal Item 4
PRESENTATION
17 Sounds complicated – how can we do this?
We have help!
• Statewide initiative to accelerate heat pump market; program implementers & finance advocates • Role: Advisory & co-management
• Program implementer with extensive experience in performance-based programs • Role: customer acquisition & project origination, 10+ year contract to provide customer support Item 4
PRESENTATION
TC^LJ CLEAN
LVII CALIFORNIA
^FRANKLIN
ENERGY™
18 Pilot Funding Sources
Our TECH collaborators have a significant financial contribution Entity $ Contribution Funded Expenses
SVCE
$5.2M
(max contribution,
already allocated program $)
Loan capital
Project incentives
Equipment warranties
Operating budget
TECH $2.9M
(+ In-Kind Labor)
Risk mitigation funds
Operating budget
Other $2.6M State & federal incentives to reduce
project costs
Item 4
PRESENTATION
19 Risk Considerations
Item 4
PRESENTATION
20 Risk Considerations
Risk Mitigation Tactics
Bill savings do
not materialize
• Detailed estimation and evaluation of realized savings • Risk mitigation budget
• Guarantee of savings excludes exogenous factors (e.g., occupancy, rates) Item 4
PRESENTATION
21 Risk Considerations
Risk Mitigation Tactics
Bill savings do
not materialize
• Detailed estimation and evaluation of realized savings • Risk mitigation budget
• Guarantee of savings excludes exogenous factors (e.g., occupancy, rates) Nonpayment of
on-bill charge
• Evaluating recourse options: collections, equipment liens • Piloting; using program funds
Item 4
PRESENTATION
22 Risk Considerations
Risk Mitigation Tactics
Bill savings do
not materialize
• Detailed estimation and evaluation of realized savings • Risk mitigation budget
• Guarantee of savings excludes exogenous factors (e.g., occupancy, rates) Nonpayment of
on-bill charge
• Evaluating recourse options: collections, equipment liens • Piloting; using program funds
Equipment or
contractor issues
• Increase vendor insurance requirements
• Equipment warranties & customer support throughout repayment term • Robust customer agreements
Item 4
PRESENTATION
23 Pilot contracts overview
• TECH Contract
• Entity: Energy Solutions (TECH lead)
• Term: EOY 2026
• Value: $2.65M ($ flowing to SVCE)
• Services covered: SVCE’s use of TECH funds for risk mitigation & operations. TECH’s supporting role in pilot
• Franklin Energy
• Entity: Franklin Energy
• Term: Initial 3-5 year term with provisions to extend through 2036 • Value: $4.1M (max)
• Service covered: Project & loan origination, contractor oversight, incentive coordination, quality control, ongoing customer support
Item 4
PRESENTATION
24 Finance Pilot Timeline
2022 –
Spring ‘24
Cost recovery ends
June ‘24 Aug ‘24 EOY ‘24 2025-2026 2036
Installations
On-bill cost recovery
begins
Inform statewide
deployment
EC feedback Contract to Launch
BOD
Pilot design
= We are here
Item 4
PRESENTATION
25 Extra Slides
Item 4
PRESENTATION
26 Finance – Decarb Program Priority
Building Decarbonization Joint Action Plan, November 2020 • Identified ‘Accessible Financing’ as a cornerstone focus area Programs Double Down, March 2022
• Added $5M to Accessible Financing allocation
Innovative Finance Whitepaper
• Funding sources and finance mechanisms (incl. OBF) for decarb in SVCE territory
Item 4
PRESENTATION
27 OBF Customer Journey
Project scoping & detailed
financial analysis
Energy measure installed
(e.g., space heating, energy
efficiency)
SVCE issues loan
Targeted marketing &
outreach based on bill
savings potential
Additional eligibility
prescreening
SVCE adds cost-recovery
charge to customer bill for 10
years
Customer sees bill savings (at
worst neutrality) for that
specific energy measure
Pre-Loan Loan
Approval
Cost
Recovery
Item 4
PRESENTATION
28 SVCE OBF Pilot
Involved parties
SVCE TECH
Franklin
Energy
Customers (few hundred)
Contractors
(x2-3)
Item 4
PRESENTATION
29 Roles & responsibilities
SVCE TECH Franklin Energy
• Cross-team coordination (e.g.,
ESCR, and A&F)
• Legal & financial due diligence
• Hire and supervise Program
Operator (Franklin Energy)
• Steer marketing & outreach
• Administer on-bill charges
(coordinate with Calpine)
• 3-year oversight & advisory role
• Start-up needs
• Customer targeting analyses
(what customers are good
candidates?)
• Financial & data quality control
(are we charging customers the
right amount?)
• Pilot evaluation - measurement &
verification (what are realized bill
savings?)
• 12-year operations & customer
service role
• Hire & manage installer
contractors
• Handle marketing and customer
acquisition
• Conduct all phases of project
origination & QA/QC
• Manage pilot operations,
customer service
Item 4
PRESENTATION
30 Risk Considerations
Risk Description Mitigation Tactics
Bill savings do
not materialize
Customer does not see bill
savings that we calculated to
determine loan principal
• Robust evaluation of estimated & realized bill savings • Risk mitigation funds
• Not guaranteeing bill savings against rate changes or other exogenous factors (e.g. changes in occupancy)
Nonpayment of
on-bill charge
Customer closes SVCE
account without paying off
loan balance
• Evaluating recourse options: collections, equipment
liens, remote disconnect
• Estimating housing owner & account turnover
• Using already allocated program $
Equipment or
contractor
issues
Performance or damage
issues due to equipment or
installing contractors
• Increase vendor insurance requirements
• Equipment warranties & customer service through
repayment terms (i.e., 10 years)
• Robust customer agreements
Item 4
PRESENTATION
31 Types of on-bill financing
• On-Bill Financing: Loan tied to the customer with cost recovery charge on the CCA portion of bill.
• Requires CCA billing provider (e.g. Calpine) support
• Available now
• Tariffed On-Bill (TOB) Financing: Utility investment tied to the meter with cost recovery charge on the IOU portion of the bill.
• Requires regulatory approvals & PG&E billing system upgrades • Available in 3+ years (?)
• SVCE supporting TOB in statewide proceeding
Item 4
PRESENTATION
32 SVCE OBF to inform TOB financing
• With learnings from OBF pilot, SVCE may be able to deploy larger TOB pilot leveraging outside funding
• SVCE’s OBF pilot will test critical elements for TOB including bill savings methodology, customer targeting, customer acceptance & repayment rate when financing limited to bill savings, solar + storage benefits, and customer protections • Key difference between SVCE OBF and TOB – TOB cost recovery charge is tied to the meter & automatically applies to successor occupants Waiting for CPUC authorization and PG&E billing updates for TOB Item 4
PRESENTATION
New SV Clean Energy
PowerPoint Template
Subtitle
Item 5
PRESENTATION
•
•
•
•
•
Item 5
PRESENTATION
Overview
Seek Executive Committee feedback and support for office space strategy
Background and decision timeline
Office space needs and consideration
Merits of Lease vs Own
Recommended strategy
Executive Committee Request
2 •
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Item 5
PRESENTATION
CD Current Situation
SVCE has leased space at 333 W. El Camino since 2017.
Started with small suite and expanded to current larger space of 7,900 square feet to accommodate "30 staff
Staff has grown to 65+ with an expectation to grow to 75 Post COVID staff is mostly remote
~20% of employees come into office on a weekly (at least 2 days) basis; 50% employees on a monthly basis; and 100% employees on a quarterly basis.
Quarterly retreats are held off-site
Board of Director meetings are held off-site
BOD committee meetings are held on-site
Community meetings/events are held off-site
As part of FY 23-24 Budget, the BOD set aside $20M for the purchase of a new office building 3 Item 5
PRESENTATION
Decision Deadlines
Current Office Lease Expires Oct’25
Renewal Decision Must Be Made By Oct’24
9/1/2024 - 11/30/2024
If renewing lease, to give notice
within time frame.
3/1/2025
If new space, latest to begin
renovation work (min. 6 months
lead time)
Renewal or new lease
begins
SVCE to finalize future office
plans
Around 9-10/2024
Current lease expires
10/31/2025
5-year lease signed in 2020, pre-COVID for Class B office space, signed at lease rates now considered high. 4 Item 5
PRESENTATION
Office Space Strategy
Timeline and growing needs of the organization are forcing a strategic decision/parameters around office space, including:
1. Amount of space needed given remote/hybrid workforce, community needs and public meetings.
2. Purchase vs lease of a new building.
3. Upgrade from Class B to Class A for leased space.
4. Min and max term of new lease space.
5. Location of new office space.
5 •
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Item 5
PRESENTATION
Office Expansion Considerations
Growing Team: SVCE has experience significant growth in personnel over the past few years, and current office space is at its capacity.
Encouraging Collaboration: an expanded office space will provide more room for collaboration and teamwork, fostering creativity and innovative discussions among employees.
Enhanced Stakeholder Experience: With a modernized office space, SVCE will be better equipped to host board meetings, community events and training thua ensuring a more comfortable experience that highlights our missions, projects, and fosters increased community engagement.
Future Growth: Anticipating further growth, expanding office size will ensure that SVCE can scale up seamlessly as the business continues to grow.
Employee Well-being: Enhancing office space to include a wider range of amenities prioritizes the well-being of SVCE’s employees, leading to increased job satisfaction and greater retention rates. 6 •
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•
Item 5
PRESENTATION
Analysis: Ideal Office Size
Current Space is 7,913 Sqft
Ideal Hybrid Work Space for
75 employees is 8,000-
10,000 Sqft
If Adding a Large
Conference Room for Board
and Community Meetings is
11,000-15,000 Sqft
Office Space Considerations Calculation
Number of Employees 75 Employees
Desk Space -Average Density
(200 sqft/employee)* 15,000 sqft
Large Common Area Space
(60 sqft/employee)* 4,500 sqft
Total Sqft for 75 people 19,500 sqft
Hybrid Work Environment
(50% usage for desk space but keeping large
common area space)
12,000
* Source: Squarefoot.com/office-space-calculator
Item 5
PRESENTATION
Office Space Alternatives Explored
Should SVCE increase/expand it’s office space and if so, should we buy or continue to lease?
1. Status Quo: stay in current space no expansion or improvements and extend lease 3 to 5 years
2. Stay in current space and expand into larger space next door, if available
3. Lease new Class A office space, with increased square footage and enhanced amenities
4. Purchase a building
1. When to purchase?
8 Alternative Class Type
Current space is not enough for all-hands and large
meetings. Required to rent off-site locations.
#2 With 3,000 Sqft Expansion
With additional expansion to accommodate current
headcount. Will still need to rent off-site.
* Annual Recurring Cost (property insurance, common area maintenance, utilities, janitorial, management fees, external event space rental as needed) **Estimated 5-Year cost includes initial cost and all recurring costs. NPV at 5% discounted rate. •
•
Item 5
PRESENTATION
Analysis: Office Options Leasing vs. Purchasing
Represent bookends of options for illustrative purposes only. Actual cost, terms etc. will be based on specific locations.
Description Size
(Sqft)
Estimated Annual Estimated Projected
Recurring Cost* 5-Yr Cost** Notes
Status Quo Current SV Office Class B 7,913 $600k $3-4M
Current SV Office Class B 11,000 $800k $3.5-4.5M
#3 Lease New Office Class A 14,000 $1-1.5M $5-7M Shell condition, possible to build a Board/Community room
#4 Buy New Office Class A 14,000 $3-500k $13-15M Cost dependent on location and initial capital expenses. Assumes paying cash.
Alts #2 and #3 - Lease option for expansion or new require 6 mos to one year to make necessary improvements.
Alt #4 requires 1-2 years to find, procure and renovate a new office space. 9 •
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•
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•
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•
•
•
•
•
•
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•
•
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Item 5
PRESENTATION
1 Leasing vs. Purchasing Considerations
PROS CONS
Leasing
Purchasing
Landlord maintains facility
Do not need a facilities team or manage
external property managers
Flexibility to move (lease or buy later)
based upon needs of business
Can negotiate lease rate and terms
Financial savings for the first 16 years
Potential property value gain over the
course of ownership
Do not have rent hikes
Financial savings starting 17th year
If expanding/improving space may have employee
concerns regarding in office frequency
Monthly leasing payments (no possibility of capital gain) Limited by landlord’s rules (such as limited EV chargers, space to utilize as we wish or demonstrations)
Coordinating logistics and equipment movement poses
challenges when using shared working space for large
meetings
Low utilization rate due to hybrid work environment
Employee concerns regarding in-office frequency
Cost of furniture (est. $500K to double what we currently have), and Tenant Improvement (~$100/sq ft)
Additional fees and staff hours managing property
managers or facilities team (electrical, plumbing, janitorial staff) ($5k-$10k/month)
Insurance cost may increase
May be difficult to sell/liquidate quickly, if needed. 10 0 2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
20,000,000
Status Quo
Current Office
Sunnyvale (Lease)
#2
Current Office
(w/ Expansion)
Sunnyvale (Lease)
#3
Lease New Office
#4
Buy New Office Projected 5-Yr Cost Total ($)**
Office Building 5-Year Cost Comparison
[NPV View Based on 5% Discounted Rate]
0 2,000,000
4,000,000
6,000,000
8,000,000
10,000,000
12,000,000
14,000,000
16,000,000
18,000,000
20,000,000
Status Quo
Current Office
Sunnyvale (Lease)
#2
Current Office
(w/ Expansion)
Sunnyvale (Lease)
#3
Lease New Office
#4 Projected 17
Buy New Office
-Yr Cost Total ($)**
Office Building 17-Year Cost Comparison
[NPV View Based on 5% Discounted Rate]
**Estimated 5-Year cost includes initial cost and all recurring costs. NPV at 5% discounted rate.
Item 5
PRESENTATION
Owning a building is a net benefit starting in Year 17
Analysis: Cost Comparison
11 Item 5
PRESENTATION
* Purchasing
Board “set aside” $20 Million towards the purchase of a new office space Purchasing Steps Purchase Timeline Option1 Purchase Timeline Option 2
1. Office Building Research (6m) 7/2024
12/2026
Need an office to lease for additional
3.5 years.
2. Sign Purchase Agreement 12/2024 6/2027
3. Renovation Contractor Research (6m) 6/2025 12/2027
4. Renovation (1.5y)
11/2026
Need an office to lease for additional
1 year.
5/2029
5. Move-in to New Office 12/2026 6/2029
Given other agency priorities, timeline under Option 1 may not be feasible. 12 •
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Item 5
PRESENTATION
Summary
SVCE has outgrown current space and expanded space will accommodate changing needs of organization
Investing in a building may be a good financial decision however staff is not prepared to move in the next 2 years
Current space is Class B and rental rate is considered high and not firm, that is it is subject to negotiation
Class A lease spaces have many more amenities and may attract employees back to the office on a more frequent basis (still predominately remote) Expanding current space and/or moving to a new space may increase office space cost by $300K per year or $1.5M over five years
Any space under consideration should be in SVCE service territory, near public transportation and central to our member agencies
13 •
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Item 5
PRESENTATION
CD Proposed Plan Forward
Staff to continue to research office building leasing options, as follows:
3-7 year lease term, flexible lease terms
Will explore option to opt-out early
Staff to target office space around 11,000 to 14,000 to accommodate growing staff and Board/Community room
Target Sunnyvale, Mountain View, Campbell and Cupertino Allow for reasonable initial capital expenditure cost on renovation and furniture May need to consider a temporary extension of current lease to accommodate new lease agreement
Revisit office building purchase options in 2028
Likely to enter an office building purchase agreement in FY28-29 The Board allocated funds for purchasing a building will remain allocated in the Building Fund. 14 •
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Item 5
PRESENTATION
CD Request
Staff requests the Executive Committee recommend the Board of Directors authorize the CEO to pursue an office space with the following parameters:
3-5 year lease with target start date of October 2025
Seek 11,000 to 14,000 square feet of a Class A building Located within SVCE’s service territory
If new lease is not able to start by October 2025, authorize extension of current lease for up to 6 months
Actual lease and terms will be brought to the Board for consideration and approval in closed session by October 2024
15 • Subtitle
New SV Clean Energy
PowerPoint Template
Item 6
PRESENTATION
Overview of SVCE’s
SILICON VALLEY
CLEAN ENERGY
Data Analytics
Platform (DAISY)
Sangeetha Kumar, Decarbonization Data Engineer
June 28, 2024
Item 6
PRESENTATION
Available
Data
Intro to DAISY
Data Analytics In SVCE Territory
Internal data analytics platform hosted on Google Cloud Platform (GCP) that contains key datasets to support the day-to-day functions at SVCE.
EXAMPLES: Targeted marketing and communications, program evaluation, forecasting revenue, load forecasting
Who are SVCE’s customers?
Customer attribute data
Census tract level equity
metrics
Public Safety Power Shutoff
(PSPS) data
Email marketing engagement
data
Program participation data
What are current
decarbonization trends in
SVCE territory?
Vehicle registration data
Tax assessor data
Interconnection data
How do our customers
consume energy?
Customer-level electricity
reading data
Customer-level gas reading
data
What does our overall load
look like?
Weather data
Settlement quality meter data
Rate-class level electricity
data
Data warehouse that
contains cleaned, processed
forms of the available data
Interactive data
dashboards synthesizing
insights
Connected applications
(e.g., program portfolio
tool) 2
Item 6
PRESENTATION
CD 2023 Residential Load Shapes
Overall Load
12AM 4AM 8AM 12PM 4PM 8PM
Weekend/Weekday
12AM 4AM 8AM 12PM 4PM 8PM
Weekend Weekday
By Jurisdiction By Month
12AM 4AM 8AM 12PM 4PM 8PM
12AM 4AM 8AM 12PM 4PM 8PM
— Jan Feb — Mar
By Rate By Season
12AM 4AM 8AM 12PM 4PM 8PM 12AM 4AM 8AM 12PM 4PM 8PM
Winter Summer Fall — Spring
•
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Item 6
PRESENTATION
1 Comparing Residential Load Shapes
All Residential
Rate load shapes exclude NEM
customers
How does differences in rate
drive our residential load
profile?
How are customers
responding to peak periods
within their rates?
El-Tiered Rate Plan
EV2A- Home Charging
Partial
Time-of-Use
(TOU) Periods
Off-peak
Peak
ETOUC -TOU Everyday
12AM 4AM 8AM 12PM 4PM 8PM